§206E-155  Revenue bonds; interest rate,
price, and sale.  (a)  The revenue bonds shall bear interest at a rate or
rates payable monthly, quarterly, or semi-annually.



(b)  The authority shall include the costs of
undertaking the public facility for which the revenue bonds are issued in
determining the principal amount of revenue bonds to be issued.  In determining
the cost of undertaking the public facility, the authority may include the cost
of constructing, acquiring, remodeling, furnishing, and equipping the public
facility, including acquisition of the site thereof; the cost of purchasing or
funding loans or other agreements entered into for the public facility; the
costs of studies and surveys; insurance premiums; underwriting fees; financial
consultant, legal, accounting, and marketing services incurred; reserve
account, trustee, custodian, and rating agency fees; and any capitalized
interest.



(c)  The revenue bonds may be sold at public or
private sale, and for a price as may be determined by the authority to be in
the best interest of the State. [L 1985, c 268, pt of §1]